Current Affairs 20th December 2018

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Efficiency Gap in India’s Power Sector costs 4% of GDP: World Bank Report — The World Bank recently released a report titled ‘In the Dark: How Much Do Power Cost South Asia’. As per the report, Efficiency gap in India’s power sector costs the Indian economy 4% every year, which equivalents to $86 billion in 2016FY.

Charles Michel Resigns as the Prime Minister of Belgium — Charles Michel has resigned from the post of the Prime Minister of Belgium on 19th December 2018. The resignation came as his government was under immense pressure from the opposition over his government’s support for the UN global compact on migration.

President’s Rule comes into effect in Jammu and Kashmir — The state of Jammu and Kashmir has come under President’s rule in the state completed its six months. It implies that now all the policy decisions related to Jammu and Kashmir will be taken by the Union Cabinet.

Strategy for New India@75: NITI Aayog Strategy Document to Make India $ 4 Trillion Economy — The NITI Aayog has unveiled a strategy document called the ‘Strategy for New India@75’ suggesting various reforms to make India a 4-trillion dollar economy by 2022-23. The strategy plan talks about various several economic reforms that should be taken in order to accelerate India’s economy to reach the 4 trillion USD mark.

State of Goa Celebrates 57th Liberation Day — Goa celebrated the 57th Liberation Day on December 19, 1961 to mark getting independence from the 450-years of Portuguese rule.

USA Pulls out of the Intermediate-Range Nuclear Forces (INF) Treaty — Russia has confirmed that the United States of America has decided to cancel the Intermediate-Range Nuclear Forces (INF) Treaty signed between Russian and the USA in 1987. The USA had already announced the withdrawal decision from the INF treaty in October, 2018.

Japanese Scientists Detected the evidence of water in 17 asteroids — For the first time, Japanese scientists have detected evidence of water in 17 asteroids using data from the infrared satellite AKARI.

Pakistani Activist Asma Jahangir Wins UN Human Rights Prize for 2018 — Late Pakistan lawyer and human rights activist Asma Jahangir was announced as one of the four winners of the UN Human Rights Prize for 2018. Her daughter Munizae Jahangir received the prestigious award on behalf of her mother.